So, Ethereum Metropolis Hard Fork to Appear on coming Monday. As I came to know, just metropolis update. Not so much as a hard fork. Right?
Yes, as there is a consensus, no hard fork, just a major update in the code. The update has a positive effect on long term as it is meant Ethereum is well following its road map. So, guys get ready for gains over the next few months.
You're confusing your terms. The Metropolis update can only be done through a
hard fork. It brings new features which break the old consensus, so the chain must fork. This doesn't mean there will be a
chain split though. Forking a chain is normal, it's how the tech improves and evolves. A chain split occurs when a minority doesn't want to continue with the new, forked chain.
As you mentioned, there's no contention over the Metropolis update, therefore, there won't be a chain split (there will be a hard fork though).